LOT SIZE 0.179 acres
MLS#73484497
STATUSActive
PROPERTY TYPELand - Residential
Property Description
Rare development opportunity in the heart of Newton Highlands Village, just steps to local shops, restaurants, and the MBTA Green Line. This property at 1629 Centre Street sits on approximately 7,808 sq ft of land within Newtons newly adopted VC2 Village Center zoning district, which encourages higher-density village housing through reduced setbacks, increased lot coverage, and building heights of up to approximately 3.5 stories. The property is being offered primarily as a development opportunity, with zoning that allows multifamily housing by right without the need for a special permit, making it an attractive project for builders and developers seeking to take advantage of Newtons new Village Center zoning. While the existing two-family home may offer value as an investment property, the highest and best use may be redevelopment. Additional value may be realized when combined with the adjacent parcel located at 1623-1625 St. (currently listed in MLS), creating a rare assemblage.
Property Features
Property Type: Land - Residential
Lot Size: 0.18 Acres
Taxes: $11,484
Feature Descriptions
Compensation Based On: N/A
Compensation Broker Transaction: N/A
Compensation Buyer Agency: N/A
Compensation Sub Agency: N/A
Compensation Sub Agency Offered: N/A
Days on Site: 5
Electric: On-Site
Electric On Property: Yes
Lot Features: Level
Parcel Number: S:52 B:037 L:0019
Rental Term: Monthly
Sewer: Public Sewer
Water: Public
Waterfront Features: Lake/Pond,1/10 to 3/10 To Beach, Beach Ownership(Public)
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty - Newton
Agency Phone: 617-969-2447
Agent Name: Ward Shifman
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
TOUR PROPERTY
Choose a date and time to see 1208 Walnut St, Newton, MA 02461.
An agent will get in touch to confirm your request shortly.
Estimate Your Payment
Estimated Payment
$ 8,496.11 per month $6,665.57 Principal & Interest $957.00 Property Tax $873.54 Homeowner's Insurance
1208 Walnut St | MLS# 73484497
This land located at 1208 Walnut St, Newton, MA 02461 is currently listed for sale with an asking price of $2,995,000. The property has approximately 0.18 Acres. Search Newton real estate on www.masiellogrouprealestate.com today.